Settings8H · net · $10k
Funding arb · Price arb /

UB

all UB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0030%/8h= +3.3% APRnext payment +$0.15 per $10,000 · paid last 24h +0.001%
Price spread now: BloFin against Bitget+0.205%7-day average −0.039% · you sell dearer than you buy
Net, funding: paid 7d − costs−$124as in the Funding arb table
Net, price: spread back to 7d avg − costs−$99as in the Price arb table
costs, in and out, $10k−$1231.233% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.012%−$1 on $10k
Price spread, last 3 days (all we have)−0.326%−$33 · spread now +0.205%, 7d avg −0.039%
Together, before fees−0.338%−$34 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.243% dearer against Bitget than usual: you sell high and buy low: +$24 more if the spread goes back to its 7-day average of −0.039%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget UBUSDT0.14650.0100pay 0.0050% / 4h1h 51m$2.4M$3.6M50x
ShortBloFin UB-USDT0.14680.0130get 0.0065% / 4h1h 51m$160K$1.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Bitget. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$6.26
Price spread: +0.205% → −0.039%
$24.35
Slippage, 4 orders
−$99.27
Fee Bitget: 6 bp × 2 orders
−$12
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$92.66
Costs to cover
1.233%
Break-even
110.6 days
Slippage from Bitget: live order book, 2 min ago; BloFin: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 2 min ago7.14 bp33.7 bp −$34258.2 bp −$2,582doesn't fitdoesn't fit
Sell BloFin live order book, 1 min ago7.14 bp27.2 bp −$27doesn't fitdoesn't fitdoesn't fit

UB on 14 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance UBUSDT+0.0100%4h0.1465+0.023%$3.2M$16.5M50xas long as short
Bybit UBUSDT+0.0100%4h0.1464−0.088%$1.1M$2.4M20xas long as short
OKX UB-USDT-SWAP+0.0100%4h0.1463−0.150%$1.3M$16.0M20xas long as short
Gate UB_USDT+0.0100%4h0.1464−0.089%$1.5M$3.3M25xas long as short
MEXC UB_USDT+0.0100%4h0.1467+0.130%$644K$691K100xas long as short
KuCoin UBUSDTM+0.0100%4h0.1464−0.061%$1.0M$1.4M20xas long as short
Bitget UBUSDTlong+0.0100%4h0.1465long leg$2.4M$3.6M50x
BingX UB-USDT+0.0100%4h0.1464−0.061%$2.7Mas long as short
Variational Omni UB+0.0100%4h0.1470+0.350%$92$5Kas long as short
edgeX UBUSDC+0.0100%4h0.1469+0.279%$37K$259K10xas long as short
Show all 14 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX UB-USDT+0.0100%4h0.1467+0.157%$15K$178K20xas long as short
Extended UB-USD+0.0104%1h0.1467+0.142%$948$176K5xas long as short
BloFin UB-USDTshort+0.0130%4h0.1468+0.205%$160K$1.2M50x
Aster UBUSDT+0.0702%4h0.1468+0.174%$398K$201K5xas long as short